CIBC Asset Administration Inc elevated its stake in shares of The Clorox Firm (NYSE:CLX – Free Report) by 6.7% in the course of the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 21,144 shares of the corporate’s inventory after shopping for an extra 1,332 shares in the course of the interval. CIBC Asset Administration Inc’s holdings in Clorox have been price $3,445,000 on the finish of the newest quarter.
Plenty of different hedge funds have additionally not too long ago added to or diminished their stakes within the inventory. CANADA LIFE ASSURANCE Co lifted its place in shares of Clorox by 15.2% in the course of the first quarter. CANADA LIFE ASSURANCE Co now owns 141,622 shares of the corporate’s inventory price $21,705,000 after buying an extra 18,687 shares within the final quarter. Advisors Asset Administration Inc. lifted its holdings in Clorox by 257.5% in the course of the 1st quarter. Advisors Asset Administration Inc. now owns 11,228 shares of the corporate’s inventory price $1,719,000 after shopping for an extra 8,087 shares within the final quarter. Catalyst Capital Advisors LLC purchased a brand new place in Clorox within the third quarter valued at $54,000. Raymond James & Associates elevated its stake in shares of Clorox by 32.8% within the 2nd quarter. Raymond James & Associates now owns 267,632 shares of the corporate’s inventory valued at $36,524,000 after shopping for an extra 66,149 shares in the course of the interval. Lastly, M&G Plc purchased a brand new stake in shares of Clorox in the course of the second quarter price $876,000. Institutional buyers personal 78.53% of the corporate’s inventory.
Clorox Worth Efficiency
Shares of CLX opened at $169.14 on Tuesday. The inventory has a 50 day easy transferring common of $162.53 and a 200 day easy transferring common of $147.73. The Clorox Firm has a 52-week low of $127.60 and a 52-week excessive of $169.21. The corporate has a debt-to-equity ratio of 11.08, a fast ratio of 0.62 and a present ratio of 1.00. The agency has a market capitalization of $20.94 billion, a PE ratio of 58.93, a P/E/G ratio of three.10 and a beta of 0.41.
Clorox (NYSE:CLX – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, October thirtieth. The corporate reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.50. Clorox had a internet margin of 4.78% and a return on fairness of 316.08%. The corporate had income of $1.76 billion in the course of the quarter, in comparison with analysts’ expectations of $1.64 billion. Throughout the identical quarter within the prior 12 months, the corporate earned $0.49 earnings per share. The enterprise’s quarterly income was up 27.0% in comparison with the identical quarter final 12 months. Promote-side analysts predict that The Clorox Firm will publish 6.85 EPS for the present fiscal 12 months.
Clorox Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Thursday, November seventh. Shareholders of document on Wednesday, October twenty third have been paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of two.89%. The ex-dividend date was Wednesday, October twenty third. Clorox’s dividend payout ratio is 170.03%.
Insider Exercise
In different Clorox information, EVP Angela C. Hilt bought 1,733 shares of the enterprise’s inventory in a transaction that occurred on Friday, September sixth. The inventory was bought at a mean worth of $165.52, for a complete worth of $286,846.16. Following the sale, the chief vp now owns 13,471 shares within the firm, valued at roughly $2,229,719.92. The commerce was a 11.40 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. Company insiders personal 0.57% of the corporate’s inventory.
Analyst Upgrades and Downgrades
CLX has been the subject of a number of latest analysis studies. Jefferies Monetary Group upgraded Clorox from a “maintain” ranking to a “purchase” ranking and raised their worth goal for the corporate from $174.00 to $187.00 in a report on Tuesday, October 1st. Citigroup lifted their worth goal on shares of Clorox from $165.00 to $170.00 and gave the inventory a “impartial” ranking in a analysis report on Friday, September sixth. Evercore ISI minimize their worth goal on shares of Clorox from $140.00 to $139.00 and set an “underperform” ranking on the inventory in a report on Monday, October 14th. TD Cowen raised shares of Clorox from a “promote” ranking to a “maintain” ranking and lifted their goal worth for the inventory from $155.00 to $170.00 in a report on Wednesday, November sixth. Lastly, Barclays elevated their worth goal on Clorox from $137.00 to $139.00 and gave the corporate an “underweight” ranking in a analysis be aware on Friday, November 1st. 5 equities analysis analysts have rated the inventory with a promote ranking, ten have issued a maintain ranking and one has assigned a purchase ranking to the corporate. In accordance with MarketBeat, the corporate has a consensus ranking of “Maintain” and a consensus goal worth of $155.00.
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About Clorox
The Clorox Firm manufactures and markets client {and professional} merchandise worldwide. It operates by way of 4 segments: Well being and Wellness, Family, Way of life, and Worldwide. The Well being and Wellness section gives cleansing merchandise, akin to laundry components and residential care merchandise primarily underneath the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Method 409 manufacturers; skilled cleansing and disinfecting merchandise underneath the CloroxPro and Clorox Healthcare manufacturers; skilled meals service merchandise underneath the Hidden Valley model; and nutritional vitamins, minerals and complement merchandise underneath the RenewLife, Pure Vitality, NeoCell, and Rainbow Gentle manufacturers in the US.
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